Will strong foundations reverse the Bitcoin trend?
After quite intensive declines in recent times, prospects for an improvement in the main digital asset are emerging from the bear market. After one of the longest series of decline, there is a chance for BTC to return to investors' favor. A report issued by a New York-based market analysis and research company - Fundstrat Global Advisors may have a significant impact on the market.
Potential or temporary improvement of the market situation?
The price hole, which has now been created on this popular cryptovalta, is considered by the above institution as an opportunity to improve the results. The current BTC price is an interesting level from which the chart can systematically reflect. There is no mass adoption of Bitcoin for purposes such as accelerating settlements. In the overall assessment, this creates an opportunity to acquire, at a more attractive price, supporters of this asset.
Tokens as a form of securities
Significant demand for the market is to be transferred by ICO projects. These are modern methods based on crowdfunding with the help of cryptocurrencies. At present, quite a number of warnings related to numerous frauds appear on the market through this payment method. The cleansing of ICO by STO (ie regulated ICOs) is expected to significantly increase the security of this form of financing, which would make tokens obtain the status of securities.
Despite the optimistic forecasts of the crypto market, still Fundstrat Global Advisors underlines the high risk of further declines in Bitcoin.
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